05/06/2019 | Press release | Distributed by Public on 05/06/2019 11:17
Often, individuals who are in, or are recently released from, jail or prison struggle with money or financial issues. The Consumer Financial Protection Bureau is helping to address the needs of individuals affected by the criminal justice system.
Every year approximately 636,000 individuals are released from state and federal prisons. An estimated 70 to 100 million individuals in the country have criminal records and oftentimes face obstacles to getting jobs, obtaining housing, and getting an education as a result.
To address the needs of individuals affected by the criminal justice system, the Bureau has worked with correctional facilities, prison libraries, workforce programs, state departments of corrections, drug court programs, and reentry or other community organizations to provide financial empowerment materials to individuals transitioning from incarceration.
Among the most requested resource has been Behind on Bills booklet, also available in Spanish. This colorful, compact booklet includes a selection of simplified tools from the Your Money, Your Goals toolkit. The booklet can assist frontline staff working with individuals in the criminal justice system to prioritize their debt payments to make sure they understand the consequences of not paying a certain debt or prioritizing some debts over others. The Bureau is now making these booklets available to prisons without bindings to accommodate the security needs of correctional facilities. Facilities can order the booklet here.
The Bureau's Your Money, Your Goals toolkit also includes the Focus on Reentry companion guide. The guide provides meaningful and timely financial resources and tools to help people successfully transition out of incarceration and back into the community. The Focus on Reentry guide is available for free download on our website.
The companion guide enables frontline staff to help their clients:
Everyone deserves a second chance and these resources can help with financial challenges that may be barriers to achieving a successful transition.